Defining a primary benefit plan

This procedure outlines those tasks to define the primary benefit plan. You can define plans for employees, dependents, retirees, and COBRA participants. You can use Benefit Plan (BN15.1) to define the primary benefit plan. There are eight tabs containing essential benefit plan information.

When you define the primary benefit plan, you define the information for either a Flex or a Non-Flex plan. For a Flex plan, you will enter information on the Main, Eligible, Deduct, and Flex tabs. For a Non-Flex plan, you will enter information on the Main, Eligible, and Deduct tabs. Depending on the information that you entered on the four main tabs, you might also need to enter information on the Vesting Comp, Billing Acct, Misc or Investment.

This table describes those tabs:

Tab	Purpose	Flex Only
Main	Defining the type of benefit plan.
Eligible	Defining who is eligible for the benefit plan.
Flex	Defining the benefit plan is under a flex plan. If employees receive flex credits for electing the benefit plan, then you can select a pay code to track those credits.	Yes
Vesting Comp	Defines compensation, vesting, and reporting requirements for defined contribution and defined benefit plans.
Deduction	Select the benefit plan's frequency table and deductions.
Billing Account	Select general ledger accounts for invoicing COBRA participant and retiree contributions. Use this tab only if the Retirees Covered or the COBRA Participants Covered field on the Eligible tab is Yes.
Misc	Select whether a life insurance plan is included in the calculation of imputed income, to select the value and cost of savings bonds, to define spending account transaction limits, or to associate a vacation plan with a time accrual plan. You can also associate a Canadian plan registration number from this tab.
Investment	Define investment accounts for defined contribution plans that offer employees a choice of accounts in which they can invest contributions.